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You can use this sample adverse action notice if you want to send a notice of incompleteness, counteroffer, or ask the customer to contact the bank for specific reasons for the denial.  

 

This Government Monitoring Information Collection Form may be used by non-HMDA banks.

 

You can use this sample FACT Act Accuracy & Integrity policy and procedure template as a framework to develop your institution’s policy and procedures.  This sample is generic and not meant specifically for your financial institution.  You will need to revise it to fit your specific financial institution’s needs.  

You can use this sample FACT Act Red Flags policy and procedure template as a framework to develop your institution’s policy and procedures.  This sample is generic and not meant specifically for your financial institution.  You will need to revise it to fit your specific financial institution’s needs.  

This article describes when force placement of flood insurance is required, written notification requirements, and coverage gaps. Updated 11/13/2019.

This article defines insurable value and how to determine insurable value for calculating the amount of flood insurance required.

This article describes when you can rely on a previous special flood hazard determination form.  

This article addresses the action taken code for HMDA and includes plain English examples to help you determine which code to use.  

EFFECTIVE 1/1/20

You can use this quick reference tool to guide you through reporting each piece of data on the expanded HMDA LAR.  It includes a quick summary of each field, what to report if you’re a small filer, and when to enter NA, zero, or leave the field blank.  

 

Effective July 1, 2020

This chart helps you determine if you are subject to HMDA and if so what information you have to report.  

 

This is the new Demographic Information Collection form for use with HMDA Action Taken On or After 1/1/18.

This flowchart helps you determine which loans are applicable to HMDA and which are not.

This tool will assist lenders in determining when they have a covered application.

 

Private Flood Insurance Procedures (with checklist) 

These are just a guide to get you started so feel free to take these procedures and customize them for your institution!

See video for guidance through the checklist – https://vimeo.com/368114751 

These checklists are a great resource to ensure that you are meeting regulatory requirements.  We realize that not all banks are the same and have different needs, so feel free to customize these checklists to fit your bank.

For applications taken on or after 1/1/18

This tool was designed to assist loan officers when making real estate loans.  Once you determine the collateral and the loan purpose, the Real Estate Matrix tells you which regulations apply and when you must provide certain disclosures.  The Real Estate Matrix also provides a brief description of the regulatory requirements.  Examiners from all regulatory agencies also use this Real Estate Matrix. ATR/QM Matrix.

You may download the Matrix and distribute it to your loan officers.

This excel spreadsheet calculates escrow deposits as defined in Section 1024.17.  It also tells you the amounts to disclose on the closing documents. You may save this spreadsheet to your hard drive for future use.

You can use this sample RESPA error resolution policy and procedure template as a framework to develop your institution’s policy and procedures.  This sample is generic and not meant specifically for your financial institution.  You will need to revise it to fit your specific financial institution’s needs.  

You can use this sample RESPA information request policy and procedure template as a framework to develop your institution’s policy and procedures.  This sample is generic and not meant specifically for your financial institution.  You will need to revise it to fit your specific financial institution’s needs.  

 

You can use this sample SCRA policy and procedure template as a framework to develop your institution’s policy and procedures.  This sample is generic and not meant specifically for your financial institution.  You will need to revise it to fit your specific financial institution’s needs.  

This worksheet will help document compliance with the Ability to Repay requirements found in Section 1026.43.  Please note this worksheet is only intended to satisfy the minimum requirements.

Applications on or after 1/1/20

This Matrix focuses entirely on the Ability to Repay Requirements and Qualified Mortgage Standards that became effective on January 10, 2014.  It is a supplemental tool and is not meant to replace any of our other tools.  This tool will update each year due to regulatory threshold changes.

You can use this sample Loan Originator Compensation Restrictions policy and procedure template as a framework to develop your institution’s policy and procedures.  This sample is generic and not meant specifically for your financial institution.  You will need to revise it to fit your specific financial institution’s needs.  

You can use this sample Loan Originator Disclosure Requirements policy and procedure template as a framework to develop your institution’s policy and procedures.  This sample is generic and not meant specifically for your financial institution.  You will need to revise it to fit your specific financial institution’s needs.  

You can use this sample Loan Originator Qualification Requirements policy and procedure template as a framework to develop your institution’s policy and procedures.  This sample is generic and not meant specifically for your financial institution.  You will need to revise it to fit your specific financial institution’s needs.  

You can use this sample Steering Prohibitions policy and procedure template as a framework to develop your institution’s policy and procedures.  This sample is generic and not meant specifically for your financial institution.  You will need to revise it to fit your specific financial institution’s needs.  

 

Watch the explanation here! – https://vimeo.com/304653400

 

This tool illustrates the TRID 2.0 “Good Faith Effect” on revised Loan Estimates and Closing Disclosures.  Any revised disclosure (to reset tolerances and/or for informational purposes) issued …must be based on the best information reasonably available to the creditor at the time they are provided to the consumer.  Therefore; if the creditor issues revised disclosures reflecting a new loan amount, other charges unrelated to the loan amount increase must be reflected on the revised disclosures based on the best information reasonably available to the creditor at the time the revised disclosures are provided.  Nonetheless, any increases in those other charges unrelated to the loan amount may not be used to determine either the 0% or 10% tolerances.

 

 

This video and attachment demonstrate options for disclosing fees on the Loan Estimate that the seller has agreed to pay on behalf of the borrower.

 

This tool aids in understanding when certain documents need to be delivered to or received by the consumer and other milestones during the loan origination process.

This tool aids in understanding the complicated rounding requirements associated with this rule.  It is also a good way to double check your loan software.

Version 3.0 has been updated to reflect the changes made by the CFPB’s Final Rule issued back in July 2017.  The mandatory compliance date is October 1, 2018, but you can begin implementing the changes before then.

 

 

    Access Our Bankers Library for Free Lending Tools

    We turn regulations into plain english! Find out more below